Forget China

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 |  Includes: EPI, FNI, FXI, GXC, INDY, PGJ, PIN
by: Bespoke Investment Group

Talk about two divergent paths. China gets all the attention, but it's India that investors have actually been making money in this year. As shown below, India's Sensex and China's Shanghai Composite were on the same path over the first couple months of the year, but at the end of February, the indices decided to part ways. India went up while China went down.

Looking at just the last couple of weeks, the Sensex has exploded higher while the Shanghai Composite just broke below its 50-day moving average today. For the year, India is up 11.2% while China is down 20.6%.

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